Apple will now be treated like a bank

I work at a bank (not US one though). Good luck with little everchanging regulation hell all banks are continuously exposed to, it keeps hefty dedicated departments alive and well across whole industry.

> Good luck with little everchanging regulation hell all banks are continuously exposed to, it keeps hefty dedicated departments alive

Isn't it the whole game? New regulations try to prevent banks from abusing, and in return banks try to abuse the new regulations?

Banks wouldn't do it if it wasn't profitable, right?

> Good luck with little everchanging regulation hell all banks are continuously exposed to

Banks would have less regulation if they handn't fucked, quite litterally, the entire world less than 15 years ago.